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Child trust fund
Daniellelucy_2
Posts: 3 Newbie
Hi can someone please explain to me about stakeholder investment, I am looking at transferring my daughter trust fund to a jisa.
The current value in the account is £1700, if I were to transfer it today, would the £1700 value be the cash amount that would be transferred?
Confused.com
The current value in the account is £1700, if I were to transfer it today, would the £1700 value be the cash amount that would be transferred?
Confused.com
0
Comments
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https://www.gov.uk/child-trust-funds
https://www.skintedmintedmum.co.uk/minted-blog/how-to-transfer-a-child-trust-fund-ctf-to-jisa-with-a-double-scoop-of-tax-allowance.html
https://www.gov.uk/government/publications/isa-manager-bulletin-65/guidance-transfer-of-a-child-trust-fund-to-a-junior-isa
This is a CTF stakeholder invested in shares as explained here?
https://en.wikipedia.org/wiki/Child_Trust_Fund
The value will be that at time of transfer. It is possible to transfer in specie or in cash depending on the particular product/provider.
Below may be worth a look as an example.
https://www.legalandgeneral.com/investments/junior-isa/transferring-a-ctf/
https://www.coventrybuildingsociety.co.uk/consumer/help/savings/isas/junior-isa.html0
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